Capital Bancorp Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Capital Bancorp, Inc. on March 29, 2021. The report discloses a corporate governance event regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a personnel change and does not contain financial performance data.
Material Changes
On March 29, 2021, Director Michael J. Burke notified the Board that he will not stand for re-election at the 2021 Annual Meeting of Stockholders scheduled for May 20, 2021. Mr. Burke will continue to serve as a director of Capital Bancorp, Inc. and its subsidiary, Capital Bank, N.A., through the conclusion of his current term at the Annual Meeting.
Management Commentary and Risks
Management explicitly stated that the decision not to stand for re-election did not involve any disagreement between Mr. Burke and Company management or the Board regarding the Company's operations, policies, or practices. No other risks, contingencies, or unusual items were disclosed in this filing.
Key Facts for Investors
- Director Michael J. Burke will not seek re-election at the May 20, 2021 Annual Meeting.
- The departure is voluntary and not related to any disagreement with management.
- Mr. Burke remains on the Board until the Annual Meeting concludes.
- No financial results or guidance are included in this specific filing.